Interface refinances credit facility, extends maturity to 2030 and redeems $300 million notes
Interface entered into a Third Amended and Restated Syndicated Facility Agreement on December 3, 2025, extending the maturity of its revolving and term loan facilities from October 14, 2027 to December 3, 2030. The company used a new $170 million term loan plus cash on hand to fully redeem its $300 million 5.50% Senior Notes due 2028 that day, which shifts debt from fixed-rate notes into a bank facility with floating-rate pricing and covenants.
Key points
- New $170 million term loan was fully drawn at closing; borrowings totaled about $205 million at closing, with an estimated weighted average interest rate of 5.24%.
- Revolving credit facility reduced from $300 million to $250 million; maximum unused commitment fee lowered to 0.30%.
- $300 million 5.50% Senior Notes due 2028 fully redeemed on December 3, 2025; related indenture satisfied and discharged.
- Facility requires consolidated secured net leverage of no more than 3.00:1.00 and interest coverage of at least 2.25:1.00, and is secured by substantially all company and domestic subsidiary assets.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 03, 2025.
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